Tariff Updates | Wheels
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Tariff Updates

As the tariff situation on imports from Canada, Mexico, and China continues to evolve, we want to keep you up-to-date about their potential impacts on fleet operations.

March 7, 2025

As the tariff situation on imports from Canada, Mexico, and China continues to evolve, we want to keep you up-to-date about their potential impacts on fleet operations. Please rest assured that we are actively monitoring these developments to keep you informed and prepared.

As of 12:01AM, Tuesday, March 4th, tariffs were imposed on goods from multiple countries. Key details include:

  • Mexico: 25% on all goods, including vehicles, parts and components (80% of Mexico’s auto exports go to the U.S.), as well as energy, including oil and natural gas. As of March 5th, this tariff has been paused for one month for the “Big 3” automakers: Ford, GM and Stellantis. Additionally, on March 6, the 25% tariff for Mexico was delayed for 30 days on anything falling under the USMCA agreement
  • Canada: 25% on all goods, including vehicles, components, and parts. There is a lower 10% tariff on energy imports (oil, natural gas, electricity, coal, uranium and critical minerals). As of March 5th, this tariff has been paused for one month for the “Big 3” automakers: Ford, GM and Stellantis. Additionally, on March 6, the 25% tariff for Canada was delayed for 30 days on anything falling under the USMCA agreement.
  • China: An additional 10% on all goods—added to the existing 10% tariff announced February 4th for a total of 20%. This includes EVs and connected car technologies.    

Increased vehicle costs will depend upon the duration of tariffs and many other factors in the supply chain. However, while it is early to speculate, the cost of producing cars throughout North America could rise between $3,500 and $12,000 per vehicle, according to analysis of both public and private data by the Anderson Economic Group.

Our team is closely following all tariff activity and will provide timely updates. As this situation unfolds, Wheels is actively communicating with manufacturers, researching country-of-origin for your vehicles and exploring both alternative sourcing and operational adjustment.

More information can be found on OEM pages:

If you have any questions or would like to discuss how these changes might affect your business, please feel free to reach out to your Wheels account manager.

February 11, 2025

The announcement of tariffs on imported goods from Canada, Mexico and China has created significant uncertainty in the automotive industry. As of February 3, the proposed tariffs on Mexican and Canadian imports have been paused for 30 days. As of February 4, Chinese tariffs have been implemented.

Wheels will continue to monitor all developments, as long-term tariffs could have a significant impact on the automotive industry, and consequently fleets. We are committed to keeping our customers informed as these developments occur and will actively work to communicate the impact on fleet operations. Updates will be posted to this page as they become available.

More information can be found on OEM pages: